Press release
Metalworking Fluids Market to experience gains exceeding 4.6% CAGR by 2024.
Metalworking Fluids Market will likely surpass USD 14.7 billion by 2024 according to this new research report.
High growth in the automobiles industry will drive the metalworking fluids market during the forecast timespan as these fluids are used in the process of forming, removal, protecting and treating of metals employed in automobiles. Global automobile sales including passenger cars and commercial vehicles in 2015 was more than 90 million and is anticipated to further rise till 2024 owing to the robust demand for automobiles in the developing nations. This will likely have a positive influence on the global metalworking fluids market during the forecast period.
Metalworking fluids market will also be augmented by the growth observed in the steel & metal fabrication industries as these fluids are extensively used in cutting, bending and various other machining processes. Global steel & metal industry market in 2015 was around 1.5 billion and is anticipated to exceed 2.2 billion in 2024. Growing demand for steel & metal from automotive, aerospace, defense, machinery and other such industries will augment the metalworking fluids market during the forecast timespan.
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Health risks and environmental concerns related to the chemicals that are used in these fluids may lead to market players opting for other safer alternatives which may hamper the metalworking fluids market. Increasing demand for titanium and aluminum alloys from aerospace and defense industries may also impact the industry negatively as the product is not required for the machining of these alloys.
There are four product segments in the global metalworking fluids market including neat oil, soluble oil, semi-synthetic fluids and synthetic fluids. Soluble oil product segment has more than 40% share of the overall market in 2016 and this segment will likely grow at a steady rate during the forecast timespan. Semi-synthetic fluids also have a significant share of the global metalworking fluids market and this segment will grow at a CAGR above 4.5% till 2024.
There are four major application segments in the global metalworking fluids market namely removal, forming protecting and treating fluids. Removal fluids application segment occupies a substantial share and will grow by a CAGR above 4.5% till 2024 as removal fluids are extensively used in various industrial processes such as drilling, milling, reaming and taping. Forming fluids application segment will likely be valued at more than USD 4 billion in 2024. Forming fluids help in the process of metal forming and shaping.
Browse key industry insights from the report, “Metalworking Fluids market in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/metalworking-fluids-market
Global metalworking fluids market is moderately consolidated with key players such as Exxon Mobil Corporation, Apar Industries, FUCHS, and. Castrol Limited accounting for more than two fifth of the overall share. Other important market participants are Lubrizol Corporation, Chevron Phillips Chemical Company, and Lukoil Lubricants. Industry participants are using strategic acquisitions and mergers along with R&D initiatives to remain competitive in the metalworking fluids market.
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Metalworking fluids market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons & revenue in USD million from 2013 to 2024, for the following segments:
Aluminum Alloys Market by product
o Neat oil
o Soluble oil
o Semi-synthetic fluid
o Synthetic fluid
Aluminum Alloys Market by Application
o Removal fluid
o Forming fluid
o Protecting fluid
o Treating fluid
The above information is provided on a regional and country basis for the following:
o North America
§ U.S.
§ Canada
o Europe
§ Germany
§ UK
§ France
§ Spain
§ Italy
o Asia Pacific
§ China
§ India
§ Japan
§ Australia
§ Indonesia
§ Malaysia
o Latin America
§ Brazil
§ Mexico
o MEA
§ South Africa
§ GCC
Report Content
Chapter 5. Metalworking Fluids Industry Regional Insights
5.1. Global metalworking fluids market share by region, 2015 & 2024
5.2. North America
5.2.1. Market estimates and forecast, 2013 – 2024
5.2.2. Market estimates and forecast, by application, 2013 – 2024
5.2.3. U.S.
5.2.3.1. Market estimates and forecast, 2013 – 2024
5.2.3.2. Market estimates and forecast, by application, 2013 – 2024
5.3.4. Canada
5.3.4.1. Market estimates and forecast, 2013 – 2024
5.3.4.2. Market estimates and forecast, by application, 2013 – 2024
5.3. Europe
5.3.1. Market estimates and forecast, 2013 – 2024
5.3.2. Market estimates and forecast, by application, 2013 – 2024
5.3.3. Germany
5.3.3.1. Market estimates and forecast, 2013 – 2024
5.3.3.2. Market estimates and forecast, by application, 2013 – 2024
5.3.4. UK
5.3.4.1. Market estimates and forecast, 2013 – 2024
5.3.4.2. Market estimates and forecast, by application, 2013 – 2024
5.3.5. France
5.3.5.1. Market estimates and forecast, 2013 – 2024
5.3.5.2. Market estimates and forecast, by application, 2013 – 2024
5.3.6. Spain
5.3.6.1. Market estimates and forecast, 2013 – 2024
5.3.6.2. Market estimates and forecast, by application, 2013 – 2024
5.3.7. Italy
5.3.7.1. Market estimates and forecast, 2013 – 2024
5.3.7.2. Market estimates and forecast, by application, 2013 – 2024
5.4. Asia Pacific
5.4.1. Market estimates and forecast, 2013 - 2024
5.4.2. Market estimates and forecast, by application, 2013 - 2024
5.4.3. China
5.4.3.1. Market estimates and forecast, 2013 - 2024
5.4.3.2. Market estimates and forecast, by application, 2013 - 2024
5.4.4. India
5.4.4.1. Market estimates and forecast, 2013 - 2024
5.4.4.2. Market estimates and forecast, by application, 2013 – 2024
5.4.5. Japan
5.4.5.1. Market estimates and forecast, 2013 - 2024
5.4.5.2. Market estimates and forecast, by application, 2013 - 2024
5.4.6. Australia
5.4.6.1. Market estimates and forecast, 2013 - 2024
5.4.6.2. Market estimates and forecast, by application, 2013 – 2024
5.4.7. Indonesia
5.4.7.1. Market estimates and forecast, 2013 - 2024
5.4.7.2. Market estimates and forecast, by application, 2013 - 2024
5.4.8. Malaysia
5.4.8.1. Market estimates and forecast, 2013 - 2024
5.4.8.2. Market estimates and forecast, by application, 2013 – 2024
5.5. Latin America (LATAM)
5.5.1. Market estimates and forecast, 2013 - 2024
5.5.2. Market estimates and forecast, by application, 2013 – 2024
5.5.3 Brazil
5.5.3.1 Market estimates and forecast, 2013 - 2024
5.5.3.2 Market estimates and forecast, by application, 2013 – 2024
5.5.4 Mexico
5.5.4.1 Market estimates and forecast, 2013 - 2024
5.5.4.2 Market estimates and forecast, by application, 2013 – 2024
5.6. Middle East & Africa (MEA)
5.6.1. Market estimates and forecast, 2013 - 2024
5.6.2. Market estimates and forecast, by application, 2013 – 2024
5.6.3 South Africa
5.6.3.1 Market estimates and forecast, 2013 - 2024
5.6.3.2 Market estimates and forecast, by application, 2013 – 2024
5.6.4 GCC
5.6.4.1 Market estimates and forecast, 2013 - 2024
5.6.4.2 Market estimates and forecast, by application, 2013 – 2024
Chapter 6. Company Profiles
6.1. Chevron Phillips Chemical Company LP
6.1.1. Business Overview
6.1.2. Financial Data
6.1.3. Product Landscape
6.1.4. Strategic Outlook
6.2. Castrol Limited
6.2.1. Business Overview
6.2.2. Financial Data
6.2.3. Product Landscape
6.2.4. Strategic Outlook
6.3. Apar Industries Ltd.
6.3.1. Business Overview
6.3.2. Financial Data
6.3.3. Product Landscape
6.3.4. Strategic Outlook
6.4. Chem Arrow Corporation
6.4.1. Business Overview
6.4.2. Financial Data
6.4.3. Product Landscape
6.4.4. Strategic Outlook
6.5. FUCHS
6.5.1. Business Overview
6.5.2. Financial Data
6.5.3. Product Landscape
6.5.4. Strategic Outlook
6.6. Exxon Mobil Corporation
6.6.1. Business Overview
6.6.2. Financial Data
6.6.3. Product Landscape
6.6.4. Strategic Outlook
6.7. Houghton
6.7.1. Business Overview
6.7.2. Financial Data
6.7.3. Product Landscape
6.7.4. Strategic Outlook
6.8. The Lubrizol Corporation
6.8.1. Business Overview
6.8.2. Financial Data
6.8.3. Product Landscape
6.8.4. Strategic Outlook
6.9. Lukoil Lubricants
6.9.1. Business Overview
6.9.2. Financial Data
6.9.3. Product Landscape
6.9.4. Strategic Outlook
6.10. TOTAL
6.10.1. Business Overview
6.10.2. Financial Data
6.10.3. Product Landscape
6.10.4. Strategic Outlook
Browse full Table of Content @ https://www.gminsights.com/toc/detail/metalworking-fluids-market
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology
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Global Market Insights, Inc.
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